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FPIS PUMP RS 18,500 CRORE INTO DEBT MARKET IN FEBRUARY
The Business Guardian
|February 26, 2024
Following a net investment of over Rs 19,836 crore in January, marking the highest monthly inflow in over six years
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Foreign portfolio investors (FPIs) have maintained their optimistic outlook on the country’s debt markets this month, injecting over Rs 18,500 crore as of now. This surge is primarily attributed to the imminent inclusion of Indian government bonds in the JP Morgan Index.
This positive trend follows a substantial investment of over Rs 19,836 crore in January, marking the highest monthly inflow in over six years. Notably, it surpasses the peak seen in June 2017, when FPIs infused Rs 25,685 expressed confidence in the sustained growth of Indian debt inflows, particularly with the upcoming introduction of India in global bond indices. He anticipates further front-loading of investments before the actual inclusion in June, aligning with the long-term goal of deepening India’s underdeveloped debt markets.
This story is from the February 26, 2024 edition of The Business Guardian.
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